And, that is just what the majority of Thousand Oaks City Council members decided to do on Tuesday night (3-10). They approved a $6.6 million loan to the auto dealers group, with a payout of 30 years and an interest rate of 3%. (The Council vote was 3-1, with Claudia Bill-de la Pena voting against [...]
Entries Tagged as 'Thousand Oaks Redevelopment Agency'
Hey, Let’s Loan the T.O. auto group over $6 Million for 30 Years!
March 11th, 2011 · 2 Comments · Conejo Valley, Development, Thousand Oaks, Ventura County
Tags: Auto Mall·Thousand Oaks City Council·Thousand Oaks news·Thousand Oaks Redevelopment Agency
Millions in T.O. Redevelopment Money Going to State
August 23rd, 2009 · 1 Comment · Development, Thousand Oaks
By November 15, the city of Thousand Oaks will have to send to the state of California around $6.1 million in redevelopment money that comes from local property taxes. That is just a little over half of the net revenue for the redevelopment agency, according to an article in the 8-22 Ventura County Star.  The state [...]
